InPlay Oil Corp. (TSE:IPO) Announces Monthly Dividend of $0.09

InPlay Oil Corp. (TSE:IPO) declared a monthly dividend on Wednesday, July 15th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.09 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Wednesday, July 15th.

InPlay Oil Price Performance

IPO stock opened at C$14.66 on Monday. InPlay Oil has a twelve month low of C$9.36 and a twelve month high of C$18.96. The company has a market cap of C$410.57 million, a PE ratio of -10.70 and a beta of 0.37. The business’s 50-day simple moving average is C$16.17 and its 200 day simple moving average is C$15.66. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 72.27.

InPlay Oil (TSE:IPO) last posted its quarterly earnings results on Friday, May 8th. The company reported C($1.24) EPS for the quarter. InPlay Oil had a negative net margin of 12.40% and a negative return on equity of 10.86%. The firm had revenue of C$31.77 million during the quarter. On average, research analysts anticipate that InPlay Oil will post 0.3500838 earnings per share for the current year.

Analyst Ratings Changes

Separately, National Bank Financial lowered their price target on shares of InPlay Oil from C$27.50 to C$22.50 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$18.25.

About InPlay Oil

InPlay is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production. The company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.